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Trade Hub Awards $1.4 Million Co-investment Grant To OCP Africa - Business - Nairaland

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Trade Hub Awards $1.4 Million Co-investment Grant To OCP Africa by JMORak: 12:46pm On Jul 07, 2021
The USAID-funded West Africa Trade & Investment Hub (Trade Hub) has awarded a US$1.4 million co-investment grant to OCP Africa Fertilizers Nigeria Limited (OCP Africa) to install modern blending equipment within its fertilizer blending plant facility under construction in Kaduna State, Nigeria.
The blending equipment will help bridge the gap where there is a paucity of specialized fertilizers to grow crops on a large scale and support food security in the country.

The planned facility and equipment will produce various fertilizer blends customised to the needs of rice, maize, soybean, cassava, tomato, and other staple crops grown in Nigeria. The specialty blends of fertilizers have the capacity to increase farmers’ yields by 50 to 85% per hectare, depending on the crop.

With the capacity to produce 120 tph of these blends and store up to 10 000 t, OCP Africa expects at least 75 000 of targeted smallholder farmers within the catchment area of the plant to benefit from the blending plant’s operations and associated agronomy support services. To ensure that farmers in underserved markets have access to these fertilizers OCP Africa will establish 36 of its one-stop-shop Farm & Fortune Hubs across 13 Nigerian states.

As part of its co-investment, OCP Africa will provide the targeted 75 000 farmers with a wide range of agricultural services, including training on good agricultural practices and soil testing.

“Over the years, farmers in Nigeria have recorded poor farm yields due to the quality of fertilizers and other inputs at their disposal,” explained Caleb Usoh, Country Manager for OCP Africa Fertilizers Nigeria Limited. “The production and distribution of blended fertilizers combined with the training will help farmers produce better quality crops as well as increase their yields, which will lead to higher earnings and better returns for their farming business.”

Read More: https://newsextra24.com/trade-hub-awards-1-4-million-co-investment-grant-to-ocp-africa-to-boost-fertilizer-production-in-nigeria/

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